November 9, 2016 - 2:55 PM EST
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INVESTOR ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Ferrellgas Partners LP and Reminds Investors with Losses In Excess of $250,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / November 9, 2016 / Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Ferrellgas Partners LP ("Ferrellgas" or the "Company") (NYSE: FGP) concerning possible violations of federal securities laws between June 1, 2015 and September 28, 2016 (the "Class Period"). Investors who purchased or otherwise acquired Ferrellgas shares during the Class Period should contact the firm prior to the December 5, 2016 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here. You can also call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at [email protected].

No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.

The complaint alleges that during the Class Period, Ferrellgas made false and/or misleading statements and/or failed to disclose: that its propane sales were declining; that the Company's midstream logistics business was being negatively affected by lower crude oil prices; that Ferrellgas' Adjusted EBITDA would fall below its projections; that the Company was becoming increasingly leveraged and would need to obtain an amendment under the secured credit facility and accounts receivable securitization facility to increase the maximum leverage ratio to a range of 5.95x - 6.05x; that Ferrellgas would likely need to reduce its dividend; and that as a result of the above, the Company's statements about its business, operations, and prospects were false and misleading and/or lacked a reasonable basis at all relevant times. On September 28, 2016, Ferrellgas announced that it had a net loss for fiscal 2016 of approximately $665 million, whereas the Company had a net profit of $29 million for fiscal 2015. Also, the Company's President, CEO and Director Stephen Warnbold resigned immediately. When this news reached the public, Ferrellgas' stock price fell, which caused investors harm.

Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding the rights of shareholders.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contact:

Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
[email protected]
http://lundinlawpc.com/

SOURCE: Lundin Law PC


Source: ACCESSWIRE Investor Awareness (November 9, 2016 - 2:55 PM EST)

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